Advance Prediction Nifty and Bank Nifty for Tomorrow 10th Aug 2020
NIFTY 50
As predicted in my previous post, On Friday Nifty 50 was stable on 11200 points and gained approx 14 points compared to previous day close and finally closed at 11214.05 points.Nifty 50 is in gain from last 04 days including Friday. On Friday Nifty 50 stocks performance chart;
Top Five Gainer's Are;
Asian Paint, Bajaj Finance, UPL, Bajaj Finsvr, & Indus Ind.
Top Five Loser's Are;
Titan, HCL Tech, Infy, Sunfarma, & M&M
NIFTY 50 TOMORROW
As per time cycle analysis here it is a chance that tomorrow again Nifty 50 will try to sustain at 11200 points. There is also chance that tomorrow gain upto 50 pints can be observed in Nifty 50 at the time of closing.However don't forget to check NASDAQ & SGX Nifty tomorrow along with this time cycle prediction.Here I have attached Gann chart based on Nifty 50 historical data for your better understanding;
As per Gann chart you can see that Nifty 50 have crossed their consecutive four green days gain trend and now next pattern will follow the small up and that is tomorrow. Tomorrow 11150 points will act as support for Nifty 50 .But tomorrow it is very less chance that Nifty 50 will go below 11200 and in upward movement 11250 points will be great resistance.
NIFTY BANK
On Friday bank Nifty gained approx 111 points compared to previous day close and finally closed at 21754.00 points.Bank Nifty is also in gain from last 04 days including Friday. Bank Nifty stocks performance chart on Friday;
Top Gainer's Are;
RBL Bank, Bank of Baroda, & IDFC
Today's Top Loser's Are;
Icici Bank, & SBI
NIFTY BANK TOMORROW
As per time cycle analysis here it is a chance that tomorrow Bank Nifty will try to sustain at 21700 points. There is also chance that tomorrow gain upto 150 points can be observed in Bank Nifty at the time of closing.Here I have attached Gann chart based on Bank Nifty historical data for your better understanding;
As per Gann chart you can see that Bank Nifty have crossed their consecutive four green days gain trend and now next pattern will follow the same level to sustain at 21700 tomorrow. Tomorrow 21700 points will act as support for Bank Nifty and tomorrow it is very less chance that Nifty 50 will go down below 21700 and it will try to maintain the same level of 21700 points and in upward movement 21850 points will be the great resistance for tomorrow.
Above all prediction are based on my own thoughts,analysis, and researches. It may not be accurate as predicted.All prediction are done based on my own analysis and references are taken from time cycle and gann chart.
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